Design principles for successful adoption of life cycle thinking in asset management decision-making

Henrike Holwerda*, Willem Haanstra, Jan Braaksma

*Corresponding author for this work

Research output: Contribution to conferencePaperpeer-review

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Abstract

While Asset Management (AM) organizations are increasingly using Life Cycle Thinking (LCT) studies to assess their long-term plans, the translation of the LCT outcomes into actionable decisions often appears to be lacking. The international industry standard on AM can aid in improving organizational sustainability and is therefore used to study fourteen LCT cases. Subsequently, several design criteria and principles are suggested, based on existing literature. Clarity about ownership is necessary in order to align the perspectives of project leaders and LCT performers. Furthermore, attention should be distributed across the analysis and subsequent action, and better-fitting management styles should be applied.
Original languageEnglish
Number of pages10
Publication statusPublished - 4 Jul 2023
Event30th EurOMA Conference "A Systems Lens on Operations" 2023 - Leuven, Leuven, Belgium
Duration: 3 Jul 20235 Jul 2023
https://euroma2023.org/

Conference

Conference30th EurOMA Conference "A Systems Lens on Operations" 2023
Abbreviated titleEurOMA 2023
Country/TerritoryBelgium
CityLeuven
Period3/07/235/07/23
Internet address

Keywords

  • Life Cycle Thinking
  • Sustainable decision-making
  • Asset Management

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